This freehold property in Protea Park offers a combination of a spacious main house and multiple rental units, making it an attractive investment opportunity. Here are the key features and benefits of this property:
Main House Features
- Bedrooms: 4 bedrooms providing ample space for a family.
- Living Areas:
- Big TV Room: A large space for entertainment and relaxation.
- Dining Area: Spacious enough for family meals and gatherings.
- Bathrooms: 2 bathrooms equipped for convenience.
- Kitchen:
- Family Gathering Kitchen: Vintage look with a cozy, welcoming atmosphere.
- Scullery and Pantry: Extra space for storage and kitchen tasks.
- Entertainment:
- Two Lapas: Outdoor covered areas for social gatherings and relaxation.
- Entertainment Area: Ideal for hosting friends and family.
Additional Rental Units
- Flatlets:
- 3 separate flatlets, each featuring:
- 2 bedrooms
- A kitchen
- A bathroom
- Potential for a Bachelor Flat: An additional unit that can be rented out.
Income Potential
- Monthly Income: Approximately ZAR 20,000 from renting out the flatlets and potentially the bachelor flat.
Utility Features
- Stoves: 3 out of 4 stoves are gas, reducing electricity costs.
- Water Supply:
- Borehole: Ensures a reliable water source.
- Irrigation System: Maintains the garden efficiently.
- Pressure Pump and 2000L JoJo Tank: Provides water storage and pressure regulation.
- Geysers: 4 geysers ensuring hot water availability.
- Electricity: 2 prepaid meters for easier management of electricity usage.
Parking
- Covered Parking: 7+ spaces, protecting vehicles from the elements.
- Open Parking: 5+ additional spaces for guests or tenants.
Investment Benefits
- Diversified Income: Rental income from multiple units reduces risk.
- Self-Sufficiency: Water supply systems reduce dependency on municipal water.
- High Demand: The variety of units caters to different tenant needs, from families to singles.
- Attractive Features: Entertainment areas and vintage kitchen appeal to potential tenants.
Summary
This property in Protea Park is a versatile investment offering a comfortable main house for an owner-occupier or primary tenant and several rental units generating steady income. The combination of ample living space, practical utility features, and attractive entertainment options makes it a desirable property for both investors and residents. The expected monthly income of around ZAR 20,000 adds to its appeal, promising good returns on investment.
